WTI Oil in Focus This Week
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Trending Now
- April 20, 2024
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Versus six major foreign currencies, the US dollar clocked a fresh 2-decade high in the immediate aftermath of Wednesday’s hotter-than-expected US inflation data, which led EUR/USD back to parity ($1.00). Despite this, the currency pair advanced strongly amid US hours, consequently touching gloves with the lower side of
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: After refreshing a 24-month low, Europe’s shared currency recoiled from parity ($1.0000) against its US counterpart on Tuesday. EUR/USD came under pressure and essentially touched gloves with parity following a slump in the ZEW Indicator of Economic Sentiment for Germany mid-way through London trading. The US dollar also
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) US Dollar Index: It has been a good week for the US dollar, muscularly refreshing two-decade tops to 107.79 and adding 1.7 per cent. Despite another healthy performance, daily flow wrapped up the week in the shape of a ‘shooting star’ candlestick formation (bearish signal), inches from the lower
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) US Dollar Index: Against a basket of six international currencies, the US dollar settled the week in positive territory and added 1.0 per cent. In keeping with the daily scale, more topside is likely to come with the possibility of refreshing near-two-decade peaks and reaching for Quasimodo resistance at
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Risk aversion gripped financial markets on Thursday; European and US equity benchmarks explored lower territory, and safe-haven currencies—the Swiss franc and Japanese yen—welcomed a bid. EUR/USD finished the session off worst levels, yet concluded the month decisively in bearish terrain (> 2.0 percent). Following a whipsaw beneath the
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s shared currency was on the ropes against its US counterpart on Wednesday, cementing a second session in the red. The US Dollar Index pencilled in another consecutive advance against major peers, eyeing 105.79, 15th June top. For those who read Wednesday’s technical briefing, you may recall I
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Sellers strengthened their grip on Tuesday; EUR/USD dipped to a low of $1.0503 and erased 0.5 per cent on the session. US consumer confidence fell for a second consecutive month in June to 98.7, its lowest levels since early 2021. The aftermath saw major US equity indices slide,
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Monday welcomed reasonably upbeat data out of the US; durable goods orders increased 0.7 per cent, versus the market consensus of 0.1 per cent. The US dollar immediately witnessed a bid against its major peers (US Dollar Index), though the move was short-lived and topped around 104.21 to
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): Successfully snapping a three-week bullish phase, sellers stepped in last week and pulled the US Dollar Index 0.5 per cent lower. As central bankers around the world attempt to curb escalating inflation—increasing rates in chorus with the US Federal Reserve—the greenback may struggle against
READ MORE